Bitcoin Finally Hits the 200 & 300 Day Moving Averages, XRP and Altcoin Market Wait Reaction, I'M IN — Transcript

Full transcript

1. 0:13Hey, what's going on everybody? This is
2. 0:16the blockchain backer bringing you the
3. 0:19latest cryptocurrency news and analysis.
4. 0:22Today we'll be taking a look over here
5. 0:23at the Bitcoin price chart along with
6. 0:25the total market cap of the
7. 0:26cryptocurrency market as Bitcoin sits
8. 0:29right back there at the 200 and 300 day
9. 0:31moving average. This was very similar to
10. 0:33what we did back in 2023 after our
11. 0:36breadth opened off of our lows.
12. 0:38Eventually our breadth closed and we saw
13. 0:41a SVB scare or a banking scare that took
14. 0:44us back down to the 200300 day moving
15. 0:46average only for the market to reverse
16. 0:48out of here. Right now, we sit right
17. 0:50there at that 200 and 300 day. So, we'll
18. 0:52dive into this stuff. We'll look at
19. 0:54these recovery structures, see which
20. 0:56ones we're really mimicking in here and
21. 0:57if things are still on track. XRP, we'll
22. 1:00take a peek over at this one as it's
23. 1:01still within that accumulation range.
24. 1:04And again, we'll point to that SVB
25. 1:06behavior from back in 2023 with where
26. 1:09we're at right now. We'll briefly talk
27. 1:11about stocks. Semiconductors have been
28. 1:13the story. It's what I wrote about in
29. 1:14the newsletter on Halloween.
30. 1:16Semiconductors were the main story in
31. 1:18last week's stock market movement. Then
32. 1:20of course Nvidia coming out with their
33. 1:22nose this weekend. We'll check in on the
34. 1:24IGV, which I think is the thing that's
35. 1:26really going to dictate whenever we can
36. 1:27actually get an expansion here in the
37. 1:29cryptocurrency market. And of course,
38. 1:31just paint the picture of what we've
39. 1:32seen here over the last couple of days
40. 1:34with another liquidation right there of
41. 1:36over a billion dollars. The market's
42. 1:37back in fear. And then we'll take a look
43. 1:39over here at onchain losses to say, is
44. 1:41anything out of line or is everything
45. 1:43really still just what we've seen
46. 1:45before? So, first things first, we've
47. 1:47got Bitcoin back at the 200 and 300day
48. 1:50moving average, sitting just a hair
49. 1:52below that 50week moving average
50. 1:54currently here at the beginning of the
51. 1:56week. Now, we've spent time discussing
52. 1:57these different types of recoveries and
53. 1:59ranges and walls of worry. It's very
54. 2:01difficult to see a clear picture in here
55. 2:04on if we're on track in something like
56. 2:06this right now for Bitcoin. Unless, of
57. 2:09course, if we see a reaction come out
58. 2:10that essentially just shoots it straight
59. 2:12up in here like what we saw back in
60. 2:142023. My thoughts are even if we do do
61. 2:17it, it's still probably going to be
62. 2:19rangebound throughout here until the IGV
63. 2:22can go into its recovery. It'll probably
64. 2:25get stuck. And then finally, once we get
65. 2:27an escape, that's when we start looking
66. 2:29for Bitcoin to go. Then we look for
67. 2:30altcoins to go. You know the story.
68. 2:32We've gone through this multiple times
69. 2:33in recent videos. But really, that's
70. 2:35exactly how 2023 played out in here.
71. 2:38These drawings will kind of carry over
72. 2:40into this chart as well, since it's the
73. 2:41one I'm drawing on on the other page.
74. 2:44But in here, this is really similar to
75. 2:45how things ended up going is that we
76. 2:47ended up doing a fivewave structure off
77. 2:50of the lows. The breadth opened up for
78. 2:52the market. I'll darken that up for us
79. 2:54just a little bit. There we did a
80. 2:56fivewave structure off of the lows. We
81. 2:58did a deep pullback. That's the SVB
82. 3:00scare that happened in there. Then, of
83. 3:02course, prices pushed up. And then
84. 3:04again, what were we? We were rangebound
85. 3:06for some time in there. And of course,
86. 3:08this is where the market was all scared
87. 3:10for the next six months, thinking that
88. 3:11we were still going to see 10 to 12,000
89. 3:14for Bitcoin, even though 26,000 24,000
90. 3:18was the floor that did end up holding.
91. 3:20So, nothing's out of line here in
92. 3:21regards to going down and hitting these
93. 3:23moving averages. We've talked about this
94. 3:25multiple times that this is a
95. 3:26possibility if we're going to repeat
96. 3:27things that we've seen before that
97. 3:29that's a support level we've seen happen
98. 3:31in here. Again, this is a type of
99. 3:33environment where extreme fear starts to
100. 3:35hit. I bet if this updated, this would
101. 3:37say that we're in extreme fear within
102. 3:39the market right now simply because we
103. 3:41had a $1 billion liquidation that
104. 3:43happened, but these are very intriguing
105. 3:45prices in here and really precisely what
106. 3:48we've seen before. So, we've talked
107. 3:50about this with XRP over here, right?
108. 3:52This is the fullblown bare markets. Lots
109. 3:54of debate, of course, back in 2025 and
110. 3:58early 2026 of people saying this isn't a
111. 4:00bare market. We've just used bare market
112. 4:02blueprints for the thing the whole time,
113. 4:04which has made it psychologically much
114. 4:06easier to navigate. But you look out
115. 4:08there on crypto Twitter right now, it's
116. 4:10essentially full-blown capitulation of
117. 4:12psychology over there on Twitter for XRP
118. 4:14right now. But even heading back to
119. 4:16those discussions about 2023 and coming
120. 4:18off the lows, the Brett 30B opening and
121. 4:20the SVB Silicon Valley Bank scare,
122. 4:23right? This is the same types of
123. 4:25structures that we made at that time
124. 4:26where we hit all the onchain losses,
125. 4:29right? Here's your FTX collapse back in
126. 4:322022 for Bitcoin. Then we go into the
127. 4:35SVB scare where the support here gets
128. 4:37taken out. Markets get absolutely
129. 4:40petrified and then before we knew it,
130. 4:42the thing reversed its way out of there.
131. 4:44It's not that I want to call for
132. 4:45something like that. XRP is very
133. 4:47difficult when it comes to time. It
134. 4:49loves to just torture you and do long
135. 4:51duration pain and then very quickly it
136. 4:54goes back to the other direction, goes
137. 4:55up. But if this ended up happening,
138. 4:57right, we would sit there and say, "Oh,
139. 4:59yeah, okay. It was really just standard
140. 5:01structural behavior in here." And it all
141. 5:03kind of made sense because this all
142. 5:05happened right during this type of
143. 5:07moment for Bitcoin heading back and
144. 5:09hitting these levels, which is really
145. 5:11exactly how it went back in 2023. Now,
146. 5:14of course, it's important for us to take
147. 5:16in bigger time frame context on that
148. 5:18because we can sit here and look at
149. 5:19charts and say, "Well, here's a fractal
150. 5:21that overlays that looks perfectly." But
151. 5:22we have to understand the environment
152. 5:24that we're coming out of, right? We're
153. 5:25coming out of an environment where this
154. 5:27market capitulated into oversold back in
155. 5:29February of earlier this year. We know
156. 5:32that's our capitulation. We know that's
157. 5:34our capitulation back in 2022. Really
158. 5:36back in June. This is actually where
159. 5:38XRP, Ethereum, and Binancecoin all
160. 5:40bottomed back in 2022, even though FTX
161. 5:43didn't come until November. spot. We
162. 5:45produce the bullish divergence in here
163. 5:47on the relative strength index as the
164. 5:49FTX collapse happens as we have the
165. 5:51Michael Sailor selling story and the big
166. 5:54liquidation of nearly $5 billion. And
167. 5:56then of course it's that ricochet that
168. 5:58comes out of here that we're paying
169. 6:00attention to. So our larger time frame
170. 6:02context is clearly that we've already
171. 6:04hit the levels of what a capitulation
172. 6:06would look like. We went through all of
173. 6:08it live together. I'm just having to
174. 6:10kind of do this for people who maybe are
175. 6:11catching the channel for the first time
176. 6:13in their last month or two or even just
177. 6:14remind people who maybe are getting kind
178. 6:16of caught in the moment that's happening
179. 6:17in here. These are the environments
180. 6:19we're coming out of on the longer term
181. 6:21time frames. So, when we're discussing
182. 6:22these types of things, we're talking the
183. 6:24same types of elements. We're talking
184. 6:26about breaking moving averages coming
185. 6:27from oversolds. We're talking about
186. 6:29leaving environments where we hit the
187. 6:31most coins in a loss like we
188. 6:32historically do at the bottom of each
189. 6:34bare market. Right? So, if we're going
190. 6:36to use that FTX comparison, those
191. 6:38oversolds, those bullish divergences,
192. 6:40and then those ricochets off those lows,
193. 6:42we have to see that also in here. And of
194. 6:43course, we do, right? We ended up
195. 6:45hitting, you know, 10.6 million coins in
196. 6:47a loss for Bitcoin here in the FTX
197. 6:49collapse. Then, we end up recovering out
198. 6:51of there and entering into our wall of
199. 6:53worry. We end up hitting 10.8 million
200. 6:55coins in a loss here in 2026. And then,
201. 6:58of course, we pull all the way back down
202. 6:59after, right? This is our large climb up
203. 7:01in here, just like we had back in 2022.
204. 7:04And then boom, we pull our way out. We
205. 7:07can add on the supply and a loss and
206. 7:08supply and a profit. We know, right? We
207. 7:10get into this environment where more
208. 7:12coins are in a loss and in a profit.
209. 7:13Then that divergence happens away from
210. 7:15each other again where more coins are in
211. 7:17a profit than in a loss. That's where
212. 7:19we're at currently right now. However,
213. 7:21we can see that even though that bottom
214. 7:23comes in, look, we do still have periods
215. 7:25where we still have to climb back up
216. 7:26where coins get into a loss again. We
217. 7:28got to about 8 million there during the
218. 7:30SVB scare, right? So that's that big
219. 7:33push off of the lows. SVB scare comes
220. 7:36in, we get to 8 million coins on a loss.
221. 7:38Right now we're at about 8.4 million
222. 7:40coins in a loss. This is all really just
223. 7:42kind of standard stuff of after we get
224. 7:44through the bottom going through this
225. 7:45wall of worry kind of chop zone stuff.
226. 7:47But we can see here even at 8.4 4
227. 7:49million. Hey, we're very similar to like
228. 7:51being an SVB, which of course is when we
229. 7:54hit that 200 day moving average in there
230. 7:56after we come off of the period where
231. 7:58the breadth opened as it broke out above
232. 8:00the 200 day moving average, right? The
233. 8:03breath shuts, the breath shuts, and it
234. 8:05comes back and it hits that 200 day
235. 8:07moving average in there. So, I've made
236. 8:08that comparison on X and in past videos.
237. 8:11Really, just everything we're seeing
238. 8:12really mimics that kind of time period
239. 8:14in there. back testing the 200 day
240. 8:16moving average and the 300 day moving
241. 8:18average after escaping above them for
242. 8:20the first time since we've been in a
243. 8:22bare market. And then of course
244. 8:24structurally on XRP's bottoming
245. 8:26formation, it's really mirrored that
246. 8:28exact period as well. And I remember
247. 8:30when we were talking about this like in
248. 8:31markets in the morning, people would ask
249. 8:32me, you know, do you think it's going to
250. 8:34end up breaking below there? And saying,
251. 8:36I I don't know, right? Like an SVB, it
252. 8:38does go in break below it and then it
253. 8:40just immediately ricochets its way back
254. 8:42up out of here. But right now, I see
255. 8:44absolutely nothing saying that this
256. 8:45isn't what's going on. For the last
257. 8:47several months, we've looked at it
258. 8:48through this lens of saying, "Hey, you
259. 8:49know, where are we throughout here?" You
260. 8:51know, are we within something like a
261. 8:52recovery phase like this and then we're
262. 8:55going to push up here and then have to
263. 8:56range throughout in here for some time,
264. 8:58right? Still think it's very reasonable
265. 9:01we do because that's exactly what we did
266. 9:03in 2023 that it ricocheted off here and
267. 9:06then it ranged throughout in here. That
268. 9:07if you ricochet off and range throughout
269. 9:09in here, that wouldn't be abnormal. It
270. 9:11would also really represent exactly what
271. 9:14you would think would happen with XRP.
272. 9:16So, I don't think we necessarily have
273. 9:17anything broken here within this model
274. 9:19of saying it still couldn't just
275. 9:20ricochet up but still be stuck for some
276. 9:23time. The alternative to that of what
277. 9:25we've looked at, of course, is like
278. 9:26XRPs, right? We made a lot of videos
279. 9:29back in the time of comparing these
280. 9:30things before we got this breakout of
281. 9:32being like, hey, look, looking for like
282. 9:34an ABC correction to show up in here.
283. 9:36I'm sure a lot of you will remember
284. 9:37that. um to push back up to this range
285. 9:40boundary in here to push back up to this
286. 9:41range boundary in here and then saying
287. 9:43all right are we going to get a recovery
288. 9:44that looks more like this or we be stuck
289. 9:46in more something like what XRP did
290. 9:48where it really kind of pulls back even
291. 9:50deeper right now it feels kind of
292. 9:51blended between the two it's not like
293. 9:53we're as deep as XRP nor are we as
294. 9:55shallow as what we would be within here
295. 9:58but what you can clearly see in here as
296. 10:00well is that even in this model right
297. 10:01what do we find support at the 200 and
298. 10:03300 day moving average which of course
299. 10:06is where we're at right now So, in the
300. 10:08end, what are we trying to do? We're
301. 10:09trying to find where support levels will
302. 10:11be within a range and context. The data
303. 10:13still all suggests we're beyond the
304. 10:15bottom for Bitcoin. We don't have
305. 10:17periods in time in any past cycle where
306. 10:20we go oversold, produce our bullish
307. 10:22divergence, and then pop our way out of
308. 10:24there, and then go on to set a new low.
309. 10:26Even in 2019 through 2020's extreme push
310. 10:29of going from 3K up to 14K and then all
311. 10:32the way back to 4K, still that bottom
312. 10:35held. Even with that extreme push where
313. 10:37essentially 3, four, 5x's off of the
314. 10:39lows, we don't go and set a new low back
315. 10:42in 2022 and 2023. We don't set a new low
316. 10:45in 2015. We don't set one in 2012. They
317. 10:48all end up holding. But what doesn't
318. 10:51change is sentiment, right? We go
319. 10:52through a period where nobody really
320. 10:54believes. Everybody's really beaten down
321. 10:55because this thing has gone on for a
322. 10:57very long time. But it's really not
323. 10:59acting in any way abnormally to what we
324. 11:02historically do see within the market. I
325. 11:04remember going through this back in 2023
326. 11:07and how sentiment ended up reacting in
327. 11:09here is right now, right? We got the the
328. 11:12fear probably extreme fear happening
329. 11:14over there in the market. You have
330. 11:15pessimism over there on X. But man, I
331. 11:18remember it very clearly how quickly
332. 11:20that can change. I think that's one of
333. 11:23the reasons why I've talked about it so
334. 11:24much throughout in here is saying, "Hey,
335. 11:26look, sentiment will flip again." right
336. 11:28now sentiment everybody's kind of
337. 11:29bickering at each other and questioning
338. 11:31their narratives and their belief
339. 11:32systems over there on X. Uh but to
340. 11:35remind you of how absolutely ludicrous
341. 11:37and dumb uh the crowd sentiment can be,
342. 11:41uh we went from being in extreme fear
343. 11:43that everything was coming to an end to
344. 11:45then everybody believing that Bitcoin
345. 11:48was going to go to a million dollars in
346. 11:4990 days. If you guys recall that, uh you
347. 11:52could probably search it up yourself.
348. 11:53The crowd sentiment was literally that
349. 11:55Bitcoin was going to a million dollars
350. 11:57in 90 days. And it was this big thing
351. 11:59happening, content creation, giving it
352. 12:01huge attention because one person came
353. 12:04up with it and wrote this huge thesis on
354. 12:06it and everybody gave it a bunch of
355. 12:08attention and people believed in it
356. 12:09because Euphoria returned that quickly.
357. 12:12But if you look at this through a
358. 12:13technical lens and a data lens, where do
359. 12:16you see that you're at? certainly are
360. 12:17coming out of the oversold environment
361. 12:19of capitulation taking place 9 months
362. 12:22ago. The bullish divergences off the
363. 12:25lows. Now we're all just trying to
364. 12:27figure out where can this thing catch
365. 12:29the bottom after its first fivewave
366. 12:33impulse off of the lows. Right? That's
367. 12:35really exactly what happened back in
368. 12:382023. So very interesting price levels
369. 12:40to be at currently this morning. very
370. 12:43symbolic of what we did back during SVB
371. 12:45where we go back to about 8 million
372. 12:47coins in a loss currently at 8.4 for the
373. 12:50total market cap and Bitcoin both sit
374. 12:53back down here at the moving averages.
375. 12:55As you guys know, we did it live
376. 12:57throughout all of this. Back in
377. 12:58September, first exits from the market,
378. 13:00more exits there in October. Finally
379. 13:03started re-entering in the market here
380. 13:04during the capitulation back in
381. 13:06February, entering 25%, entered another
382. 13:0925% with daily auto accumulations of 2%
383. 13:12per day there in February. And then once
384. 13:14we got down in here in June and right
385. 13:16there to the beginning of July, daily
386. 13:18auto accumulations of 1% per day for 30
387. 13:21days, adding 30 more% here, putting at
388. 13:2380% total entered. It's been just a
389. 13:26constant little clip clip clip clip clip
390. 13:28adding in throughout in here. I don't
391. 13:31know. It seems good enough to me. I'm
392. 13:33going to go ahead and do it. I'm going
393. 13:34to go ahead and enter in my last capital
394. 13:36right now as I'm making this video. All
395. 13:38right. I just executed it in my
396. 13:39brokerage account. Let's write a tweet.
397. 13:41Here we go. We'll build this chart. Go
398. 13:42ahead and put it in here. With Bitcoin
399. 13:44back at the 200 day and 300 day moving
400. 13:46average, this is good enough for me for
401. 13:47my cyclical accumulation. I'm now fully
402. 13:49entered into crypto for the cycle. Wish
403. 13:51me luck. And post. Done. And done. So,
404. 13:54there you have it. Don't follow me
405. 13:55blindly. I'm following data. I'm making
406. 13:57my guesses based on data. But anytime I
407. 13:59make major moves, I always share it with
408. 14:00you guys. If I do well, you know it. If
409. 14:02I get wrecked, you know it, too. The
410. 14:03hardest part about holding on to that
411. 14:05last 20% was figuring out where am I
412. 14:07going to end up putting it in there.
413. 14:08There's so many levels that could end up
414. 14:10holding at. But I think in my head I
415. 14:11told myself, if we ever end up getting
416. 14:14that type of moment to show up in there,
417. 14:16that's really the last thing that I
418. 14:17could like technically do, right?
419. 14:19Otherwise, I could just go find it
420. 14:21really anywhere and there won't really
421. 14:23be a very particular moment for me to
422. 14:26say it. um considering that I've gotten
423. 14:28my entries and so while with 80% now
424. 14:31being 20% here, I think my average
425. 14:33probably sits right there. But I'm just
426. 14:35not convinced that we have to go there
427. 14:37by any means necessary considering we're
428. 14:39already at 8.4 million. Coin's on a loss
429. 14:41over there on Bitcoin. Very similarly to
430. 14:43like what SVB happened when we already
431. 14:45went back to 8 million. We're back at
432. 14:47the 200300 day moving average. I'm just
433. 14:49willing to take my shot here. So that
434. 14:5120% was much more of a nuance than the
435. 14:54first 80% was. is that first 80% was
436. 14:56practically brainless, thoughtless. I
437. 14:59don't know why this 20% was much more
438. 15:01difficult, but it was. And that's
439. 15:02probably what it was like for people who
440. 15:04were completely sidelined down in here
441. 15:06and how difficult that would be to
442. 15:07handle a whole portfolio up in here. It'
443. 15:09be very difficult. Either way, seems
444. 15:11like we're at the places where things
445. 15:13could hold at. I've got my full position
446. 15:15of crypto now. Now, we just wait for IGV
447. 15:18to round itself out. make things obvious
448. 15:20in here as the loss of faith comes over
449. 15:23there in the semiconductor sector which
450. 15:25has really been the breadth
451. 15:27consolidation of the stock market for
452. 15:29the last several years. I'm not going to
453. 15:30get into the personal details of the CEO
454. 15:33of Nvidia, but obviously he released
455. 15:35something. You can Google that yourself.
456. 15:36It's almost like magical unicorn fairy
457. 15:38dust that I put out a whole newsletter
458. 15:40that is just constantly about
459. 15:42semiconductors and the S&P 500 and
460. 15:44Nvidia being the top spot of, you know,
461. 15:46the S&P and the semiconductors. And then
462. 15:49it less than a week later, I guess a
463. 15:51little bit over, I guess a week later,
464. 15:53big controversy with the CEO of Nvidia,
465. 15:56uh, after the technical structures had
466. 15:58already implied something was wrong with
467. 16:00the semiconductors. So this obviously
468. 16:02was the marking point in here for the
469. 16:04reversal of Bitcoin versus the
470. 16:06semiconductors where they swallowed all
471. 16:08the breadth. Now we're looking for some
472. 16:10follow through over here on Bitcoin uh
473. 16:12to take the show back and crypto to take
474. 16:14the show back. So we'll see how this
475. 16:15goes over here for crypto. Obviously I
476. 16:18would love to see this hold after
477. 16:19entering in the last of my capital. If
478. 16:21it does end up breaking below here or
479. 16:23something like that, we kind of have to
480. 16:25start at the drawing board on how the
481. 16:26bottoming structure is going to play out
482. 16:28in here for this pullback. Again, it's
483. 16:30not going to change any of my beliefs on
484. 16:32the bottom already being in because all
485. 16:34of our data implies it, right? It would
486. 16:36have to be something very technically
487. 16:37different for Bitcoin to set a new low
488. 16:39at this point. I think the new low for
489. 16:41Q4 argument is not based on any type of
490. 16:44technical. It's just an attempt to be a
491. 16:45time predictor. I think all data will be
492. 16:48ignored as well. I think everybody's
493. 16:49very behind on where this market is.
494. 16:51This is clearly our top of the market
495. 16:53just like we did back in here. And our
496. 16:55actual peak of the cycle occurred here
497. 16:58uh not here during our up thrust after
498. 17:00distribution. So I think we're scooted
499. 17:01forward about 3 or 4 months than what
500. 17:04people may think. So we'll play it by
501. 17:05ear as we go. Uh but this was the level
502. 17:07I always told myself if we ever got back
503. 17:09in here on something like this. There's
504. 17:12just no reason for me to hedge myself as
505. 17:14a content creator and and play the whole
506. 17:17game of Oh, by the way, I entered in my
507. 17:18capital and didn't tell you about it.
508. 17:19Nah, we're in, man. Let's do it. So
509. 17:21we'll see how things go from here. We'll
510. 17:23keep our eyes on it for the next couple
511. 17:24of days. Historically, when we see
512. 17:26reactions come out of these levels, they
513. 17:28do actually come out violently to the
514. 17:30upside. It's just whether or not it's
515. 17:32going to do it right from here at this
516. 17:34exact moment in time or if it's going to
517. 17:35take a few days, if it's going to step
518. 17:36down a couple more dollars or not. But
519. 17:38typically, the reaction that pulls out
520. 17:40of this environment we're in right now
521. 17:41is usually pretty aggressive to the
522. 17:43upside. And I'm placing my guesses on it
523. 17:45that it will. So, I can't believe it.
524. 17:48Here we are, November 9th of 2026. It
525. 17:50was there in September and October of
526. 17:532025 uh when all those exits were being
527. 17:55made. But here we are on November 9th of
528. 17:582026 stating uh I've got my full
529. 18:00position in crypto now. I've got all the
530. 18:03capital I want allocated to crypto in
531. 18:05the market. So all right, there we go
532. 18:07guys. I'll catch up with you soon. I
533. 18:09hope these things were helpful for you a
534. 18:10little bit. Again, painting that picture
535. 18:12of where we're at. We've hit those
536. 18:13onchain losses cycllically. We've hit
537. 18:15the technicals of being beyond the
538. 18:17bottom cycllically. Now, we're just all
539. 18:19trying to make our best guesses on where
540. 18:21is this pullback going to stop at. I
541. 18:23think the thing that everybody still has
542. 18:25their time expectations wrapped around
543. 18:27is that anytime we move to the upside,
544. 18:29we're going to shoot to all-time highs
545. 18:30really quickly. Again, that picture is
546. 18:32going to really depend on macro, which
547. 18:33we're going to have to focus on that
548. 18:34even if we pull up out of this range
549. 18:36quickly, it still doesn't imply we're
550. 18:38ready to shoot to the moon yet. We're
551. 18:39going to go back to focusing on the
552. 18:41macro picture. But the prices we're at
553. 18:43very right right now are very
554. 18:44intriguing. So, all right, I'll quit my
555. 18:46rambling, guys. Thank you so much for
556. 18:47watching. And I hope you had a wonderful
557. 18:48weekend. You can check out the
558. 18:50newsletter that I published last weekend
559. 18:51over here on
560. 18:52blockchainbacker.subsack.com
561. 18:54titled fueling crypto's next expansion
562. 18:56with semiconductors and the S&P 500
563. 18:59topping historical extreme concentration
564. 19:01could unwind into opportunity for
565. 19:02software and crypto. It includes a
566. 19:0443minute audio recording in here where I
567. 19:06do voice record all of these after I put
568. 19:09them together. There's a link down here
569. 19:10in the description of this video to the
570. 19:12newsletter at
571. 19:13blockchainbacker.substack.com
572. 19:14substack.com or you can just go directly
573. 19:16within your browser. Otherwise, guys,
574. 19:18welcome back to the 200 and 300 day
575. 19:20moving average. We'll see how it goes
576. 19:22throughout the rest of the week. All
577. 19:23right, that's it. Thank you so much for
578. 19:24watching. If you could please like this
579. 19:26video and give it a thumbs up. If you
580. 19:28are new to the channel, please subscribe
581. 19:30and hit the notification bell so you can
582. 19:31be notified of when I create new content
583. 19:33and when I go live. As always, this is
584. 19:36not investment advice and I am not a
585. 19:37financial adviser, but if you ever need
586. 19:40a pickme up or a little bit of
587. 19:41reassurance, just remember that the
588. 19:43blockchain backers got your back. Have a
589. 19:46good one.